New-York tribune., 1887-12-04
TIE NEW PRESIDENT.

Maria Traucol, Sadl-C arnot Wa, born AT Limoges,
I'm l-37 ~ a famous family. His grandfather was
Minister Of War for the Republic from 1893 to l'V''
and from his extraordinary vigor I'm that onco was
known as the " o. ganizcr Of victory" Probably u"
War Minister ever had greater genius than Lazarc
Nicola, Carnot and the success OF the Republic IN u
Tending rs frontiers against foreign Invasion was dHc
largely to hls ndomitablc VIII and lneNhaustole re-
sources OF character lie was one of the great hE's
I'm tbc National Convention but disappeared from view
under the Empire and was prescribed aitcr the hour-
bon restoration. HIS son, Lazarc Hppo'yte Oarno''
luhcriting Ecpblcansm OF the stoutest hbre became
Interested I'm his youth I'm the philosophy OF the ST.
simoni,ts but hc NJ Erlsson, rccoilcd from this so
ciol school when Enfanim's repusivc views OF mar
ragc were disclosed lie published In le5o trcalSo
ON the Doctrines Of the st. SmouianS which was very
~ l,ly read From 1889 to lS4s he was Liberal
Deputy in the Chamber and voted With the Extreme
Lot and after tho Revolution was Ministcro OF Educa-
ton lie WIS one Of three Republican Deputies elect
ed after the conp d'cat but was compelled 10 rc'rc
from political life until 1868, when he was again eject
ed Deputy After the downfall Of the Empire ne
acted with the Extreme LEFT until 1873, when he was
elected senator for life
NJ sadl Carnots professional stan included seventy
,vo chief engineers o4O ordinary engineers and loOo
ass,tant engineers. only very strong admins'ra-
tIon could have handled such department as th9,
and such an executive head NJ CaInot proved hlisol
TO be- As Minister Of Finance he has twlce Deeh I'D
Office first In and again IN loso uhucr W. uc ic1
cinct While holding this Office he was unable 10 III
duce the Budget Committee to agree TO MS general
recommendations; but thu was not surprising since
no recent Finance Minister has had better luck In TINS
meet the Deputies not being willing to deal WITH tho
scrIous financial questions now before France NJ.
Carnot made, however, one recommendation when
aIbough not acted upon favorably has not been for
ytcn nv largo classes OF investors now threatened
Win imminent ruin. lie formally proposed tho
authorizotlnn OF the Panama COmpanys lot
ferry bonds NJ Rousseau present mastery
ronort from tho budget Committee In opposition to
the recommendation and the project fell through Tho
chambers had frequently lcgalzcd lottery BOND
scbemes. where the prizes were intended to Take up
,r on extremely low rate Of interest on thoroughly
,arantcrd capital but II was held In TINS Instance
sh,t tLc security not beyond suspicion, anu that
the enterprise being purely speculative, iegSiatVo
sanction II would be equiv aent 10 the le9alLnB
Of lottery gambling. . . A., poo,,orcr soor,o
IN sccure for NJ. do Lessepss latest and most des-
nerate scheme for keeping the Panama shares aioat
nrotector and defender I'm the Elyseo Ruin stareS
p pdrcds OF Thousands Of small investors In the face
H.vcrnmcnt lottery bonds based the revised plans
for n locking canal may avert disaster temporarily
The crash must inevitably come at last
CAIABRIA SHAKEN BY AN EARTHQUAKE.